Tax refunds

A tax refund or tax rebate is the money that you get back from HRMC if you paid too much in tax. By law, if you're travelling to temporary workplaces and paying to make your own way there, you could get a tax refund. On average, a 4-year tax refund claimed through RIFT amounts to £2,500 or £2,000 per year for people in the Construction Industry Scheme (CIS).

Tax returns

A tax return is how a taxpayer lets HMRC know their annual income, expenses and other personal circumstances. HMRC use it to calculate the tax you owe and claim tax allowances and tax reliefs you're entitled to. There are many reasons you may have to file a tax return, it's not just for the self-employed.

Advice

We’ve been helping people with the taxman since 1999. Our specialist teams work closely with HMRC to put the cash back in your pocket where it belongs. You can be sure that we know the rules inside out. Get in touch if you need help, it's what we're here for.

Our prices

We make our prices as simple as possible so that you don't find yourself with any unexpected bills for "hidden extras". All aftercare is included and any refund you get is covered by our RIFT Guarantee. There are no upfront charges. We'll handle everything with HMRC for you and even remind you when it's time to claim again next year.

About us

The RIFT Group is a family business based in Kent, founded by Jan Post in 1999. We're specialists in tax refunds and tax returns and we're the only company in our field to have been awarded the Institute of Customer Service "ServiceMark" for excellence in customer service. Get in touch to see how we can help you today.

Tax Returns for Directors

It’s mandatory for a director to file a tax return with HMRC if a return has been issued. If a Director has a tax liability for certain tax year of assessment, they must notify HMRC by 5th October following the end of the year of assessment or face tax return penalties.

Do I have to file self assessment tax returns if I'm a Director?

HMRC's rules say that almost all company directors have to use the Self Assessment system to file their tax returns. The only exceptions to this are directors of non-profit organisations. Even then, they still have to claim if they got any pay or other benefits from the position.

There may be occasions where HMRC sends you a demand for a Self Assessment tax return and you don't know why. If you're not sure what the demand's about, never ignore it. If the taxman wants you to file a return and you don't, things get ugly in a hurry. Talk to RIFT if you're not sure what's happening.

Can I bring down the amount of tax I owe?

Company directors have a couple of ways of lightening their tax load. Most obviously, like anyone else using Self Assessment, they may have allowable expenses to claim. Claiming tax relief on your expenses is the key to making sure you aren't paying too much. It's not the only thing to consider, though.

Depending on how your company is set up, you may be a shareholder as well as a director. In this case, you can make your tax set-up more efficient by taking some of your pay as dividends. Getting the balance right can be tricky, so it's best to get professional advice. Talk to RIFT for help with this.

Tax Return Information

Do I still need to do a tax return if I haven't got an income from my company?

Technically, if you don't owe any tax and HMRC hasn't sent you a demand for a tax return, you may not have to file one. In practice, though, the rules are complicated and not always interpreted the same way. Generally, it's always better to play it safe when dealing with HMRC. Again, talk to RIFT if you're not sure what to do.

Tax Return Information

Can I get help with self assessment?

Absolutely! RIFT are the UK's leading tax experts, and our specialist Self Assessment tax return service can solve all your tax return problems. We can advise on your business' set-up, track down your allowable expenses and file your returns for you. We'll save you money and keep you on the right side of HMRC. Get in touch to see how we can help.